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Midian New Materials announced on the evening of August 7 that the company plans to non-publicly issue no more than 137 million shares and raise funds of no more than 466 million yuan, which will be used for functional masterbatch and bio-based degradable masterbatch industrialization projects and supplementary flow funds
.
According to the data, masterbatch coloring is an indispensable part in the production of degradable plastics.
It can not only color degradable plastic products, but also impart various functions to degradable plastics and improve some application characteristics of degradable plastics
.
Midian New Materials Functional Masterbatch and Bio-based Degradable Industrialization Project plans to build a bio-based degradable masterbatch production line
.